As an American, I have witnessed many events in our nation's history. Some of them great like placing a man on the moon. Some of them were dark and shameful events.
No matter what happened, it is the people that make this nation great. Each looking to the future with optimism and looking to improve this nation for all.
The United States is a great and wonderful nation and her people are her best asset. As Americans, we need to stand together and let our voices be heard.

Thursday, November 17, 2011

Congress Upset with Fannie Mae and Freddie Mac

After spending almost $170 billion to bail out Fannie Mae and Freddie Mac, Congress is upset after finding out the 12 executives have received over $35 million in salary, compensation and bonuses in two years.

While oil executives are crucified in committee hearings and CEOs scolded for using private jets, executives at Fannie Mae and Freddie Mac, while losing billions quarter after quarter, are allowed to receive bonus for work that is mediocre at best.

To top that off, both organizations are now asking for an additional $13 billion in government handouts.

When AIG was paying large bonuses to its executives, President Obama, in a 60 Minutes interview, said, "I did not run for office to be helping out a bunch of, you know, fat cat bankers on Wall Street."